This consultative document sets out proposed guidance on the development of a plan for funding in resolution that builds on the FSB’s August 2016 Guiding Principles on the temporary funding needed to support the orderly resolution of a global systemically important bank (G-SIB) and existing supervisory and resolution guidance on liquidity risk management and resolution planning, respectively. It identifies a set of key funding strategy elements covering:
- firm capabilities to support monitoring, reporting and estimating funding needs in resolution and to facilitate execution of the funding strategy;
- the development of a resolution funding plan by the authorities;
- the use of firm assets and private sources of funding;
- access to temporary public sector backstop funding mechanisms and ordinary central bank facilities; and
- information sharing and coordination between authorities.
The FSB welcomes comments and responses to the questions set out in the consultative document by Friday, 2 February 2018. Responses should be sent to [email protected] with “Funding Strategy Elements of an Implementable Resolution Plan” in the subject line. Responses will be published on the FSB website unless respondents expressly request otherwise.